This article by Sid Mohn of the Huffington Post raises an interesting issue about the job market at the moment. According to the statistics by the Labor Department, the job market experienced a 192,000 job growth in March, which is good news. However, most of these jobs are coming from low-wages industries. As observed, more and more people are employed into fast food service, office administration, retail and other customer service - occupations that do not provide sufficient income for individuals and families to get by.
The author places the blame on short term/discretionary policies from the government (the issue we discussed in class on Friday).
What are your thoughts on this article?
Comments are appreciated.
Source: Where did the good jobs go?
Because corporations are not hitting their revenue projections they are forced to cut costs in order to meet their earnings requirements. Until these firms start increasing the top line, good jobs will not be created.
ReplyDeleteI am in agreement with Chris! I think that the problem also correlates with education. these days a lot of students are scared to continue on furthering their education due to the high cost that comes with high education. The government should work a little more in helping students with the cost of going to school.
ReplyDeleteEducation is helpful to a certain extent Bien, but it is essentially meaningless unless good jobs are created. How can one grow in a company with a higher education if no jobs are available for the employee to grow? It's harder for corporations to hit their revenue projections, as Litz stated, due to higher taxes on corporations and the rich, which create jobs. If they would get tax breaks, they would be able to hire more employees and create more jobs, including jobs that are better or higher up, as well as higher-paying
ReplyDeleteI mean this is good for young adults who are in need of part time jobs. This allows them to obtain some sort of income while they further their education. However these are not the jobs that are going to be able to provide financial stability. I do agree that tax breaks would be beneficial. However it is impossible to speculate how the company would utilize that extra money unless their is some sort of mandate on an increase in hiring to obtain it.
ReplyDeleteIm interested in how the author would suggest getting companies to raise their pay for workers because, as Chris said, in light of all the economic issues that we've been having there simply isnt a way for these companies to pay at a higher rate until their earnings go up. Essentially, what would make companies pay better and thus create better jobs?
ReplyDeleteWith the economy being down for awhile many companies were not doing very well and because of this were not able to create and open many new high level positions. I also agree with Bien in that education is becoming more and more expensive some students are less willing to go farther with there education making some jobs unavailable to them.
ReplyDelete